if I have more money, I would just buy until it hit gap up. But SKB Shutter's management is quite... how do I say this. emm. the management is quite eccentric
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED BONUS ISSUE OF 88,000,000 NEW ORDINARY SHARES IN SKB ("SKB SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 1 EXISTING SKB SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED ("PROPOSED BONUS ISSUE OF SHARES"); AND (II) PROPOSED FREE WARRANTS ISSUE OF UP TO 66,000,000 FREE WARRANTS ("WARRANT(S)") ON THE BASIS OF 1 WARRANT FOR EVERY 2 EXISTING SHARES HELD ON AN ENTITLEMENT DATE WHICH WILL BE DETERMINED AFTER THE COMPLETION OF THE PROPOSED BONUS ISSUE OF SHARES ("PROPOSED FREE WARRANTS ISSUE")
Very small paid up capital with very little shareholder. Top 30 shareholder holding more than 90% of the company share. This company very easy to push the price up once Bonus and warrants approved.
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wallstreetrookie
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Posted by wallstreetrookie > 2021-06-16 09:42 | Report Abuse
All in?